The layoffs would be Snap’s largest yet and the first to affect its engineers.
Snap declined to comment when contacted.
Business news websites which earlier reported the layoffs on 7 March, said the cuts would be announced internally within a week.
This is the third round of layoffs. Snap cut the jobs of a couple dozen employees across its hardware and recruiting divisions 2017. This was followed by two dozen more cuts in January.
Snap also slowed its hiring rate by nearly 60 percent last quarter.
Adding more daily average users Snapchat grew faster than Facebook in the fourth quarter of 2017 in the US